Letters to the editor should be no longer than 250 words and will be edited. Include your address (it won’t be published). E-mail editor@nanaimobulletin.com.

LETTER TO THE EDITOR: Companies would rather refine their oil elsewhere

B.C. refinery wouldn’t be financially attractive to major corporate investors, says letter writer

To the editor,

Re: Refining oil in B.C. is common sense, Opinion, May 15.

David Black is on record wanting to build a refinery in B.C. to process Alberta oil-sands crude. However, his current proposal will not be financially attractive to major corporate investors.

Refined products such as gasoline have a limited lifespan and therefore are not desirable for export to Asia. Existing refineries in Washington State already process crude that is shipped from Alaska and may continue to also accept Alberta crude. Building an additional refinery will produce a glut of gasoline, which depresses prices for all producers and suppliers.

By building a refinery in Canada to produce product from oil-sands crude for local distribution will put the entire supply chain from upstream to retail distribution within the draconian tax arms of the Canada Revenue Agency. By exporting the crude outside of Canada, large corporations can gain a much higher profitability through lawful offshore tax avoidance strategies that may include product supply and exchange agreements with competitors. The international exchange and supply of crude among competitors is done on paper through lower or no tax jurisdictions at the expense of higher tax countries such as Canada.

Anthonie den Boef, Nanoose Bay


The views and opinions expressed in this letter to the editor are those of the writer and do not reflect the views of Black Press or the Nanaimo News Bulletin. If you have a different view, we encourage you to write to us or contribute to the discussion below.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Beefs & Bouquets, Sept. 23

To submit a beef or a bouquet to the Nanaimo News Bulletin, e-mail editor@nanaimobulletin.com

RDN receives money for emergency preparedness programs

Union of B.C. Municipalities awards two $25,000 grants to Regional District of Nanaimo

Development permit approved for new auto dealership in Nanaimo

City council votes in favour of Mitsubishi building design proposal, including variances

Nanaimo United play in a pandemic, win Jackson Cup championship

Div. 1 men defeat Lakehill 2-1 to cap off soccer season after a six-month shutdown

Ride-hailing service nearly ready to start up in Nanaimo

Lucky to Go planning to launch Oct. 1

B.C. reports 96 new COVID-19 cases, one hospital outbreak

61 people in hospital as summer ends with election

Grand jury indicts police officer in Breonna Taylor death

Officer Brett Hankison was charged with three counts of wanton endangerment

First 8 months of fatal overdoses in B.C. have now exceeded 2019 death toll

Nine people died every two days in August, BC Coroners Service data shows

Heiltsuk First Nation calling on DFO to close fish farms, citing wild salmon extinction risk

Wild salmon returns have broken low records, have many concerned about future of wild fish

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

Attorney General of Canada defends Kelowna Mountie involved in rough arrest

Tyler Russell filed a lawsuit against Const. Siggy Pietrzak in June of this year

B.C. could be without a new leader for multiple weeks after Election Day: officials

More than 20K mail-in voting packages were requested within a day of B.C. election being called

Refresh of Liberal government’s agenda comes amid new looming COVID-19 crisis

Lockdowns saw fed spending soar to historic levels in effort to offset pandemic’s blow to Canadians’ livelihoods

Most Read